Abu Dhabi-based real estate developer Aldar Properties has acquired a high-end island resort in the UAE capital, as well as two luxury islands intended for residential development.
The company said it acquired Nurai Island, a private island just a few kilometres north of Saadiyat only accessible by sea. It is home to the exclusive beachfront hotel Nurai Island Resort, which Aldar plans to refurbish.
“Nurai Island Resort adds a new dimension to our hospitality portfolio, catering to local and international visitors seeking a world class ultra-luxury experience,” Jassem Busaibe, chief executive officer at Aldar Investment, said in a statement.
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